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How To Increase Real Estate Sales With Less Work Than You Think
by Brian Hilliard
I have two numbers for you: 69.3 and 67.5. Those were the average strokes taken, per round by the Top 20 and Top 4, respectively, PGA Golf Professionals during 2003. Now a two-stroke differential might not sound like much, and in fact, for those of you who don't follow golf, it really isn't. But check out the next two numbers: 3.6 and 6.3. As in 3.6 million dollars earned on average, by a Top 20 PGA Pro compared to someone in the Top 4 who earned 6.3 million. So if you were one of the top four golfers in the world, you earned roughly twice the amount of money than if you finished in spots 5 through 20. Quick review: If you have an average score of 69.3 strokes, you earned $3.6M for your work. If you scored just two strokes better, you earned $6.3M. (Not a bad payoff for performing just a little better, relatively speaking, than the next person behind you.) So what do golf and real estate have to do with each other? Everything. I like to think of it as the Theory of (Sales) Relativity, and it simply says this: The amount of "extra" work you put into your business, relative to that of your competition, directly translates into a revenue figure that is two to three times more than everyone else. In other words, in the highly competitive real estate industry, everyone is working hard, showing homes and farming for prospects. But if you can accomplish just one more thing on a regular basis, relative to what everyone else is doing, then your income will be two to three times higher than that of your competition. Now before everyone starts yelling, "I already work six days a week! I can't work any harder," notice what I said. If you can accomplish just one more thing, relative to what everyone else is doing, then your income will be two to three times higher than that of your competition. That doesn't mean working longer hours per se, but getting more done while you're there. It doesn't mean working seven days a week for the next month, but rather staying an extra ten minutes when you're just about ready to go home, and doing something productive. That's the time when you're getting ahead of the competition. That's the time where if you accomplish just one more task, make one more contact, or schedule one more listing presentation, you'll dramatically impact your revenue figures. So what are some examples of a few "extras" you could be doing? Here are three of my favorites. Bottom Line: Initiate at least two of these actions every day, and then watch your business take off in 2004. Now I know what you're thinking, "That might work in golf, but is that really the case with my business?" Well to be honest with you, I wasn't sure myself…until I tested it out in one of my seminars. During the workshop, I passed out a few copies of my book so the audience could take a look at it, page through it, and get familiar with the contents. Now it's important to note that most of the speakers I've seen don't do this. So just by handing out some books to the audience, I'm doing one little thing relatively better than that of my competition. And you know what? As soon as I implemented this practice on a regular basis, book sales went up 100 percent. That's right, I did one more thing relatively better than everyone else, and it doubled my revenue. So you see, what works in golf works in business, and I'd challenge you to start making the Theory of (Sales) Relativity work for you. Published: February 20, 2004 Use of this article without permission is a violation of federal copyright laws. Related Articles:
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